Notes

The Creation Of An Ethical Will
Ethical wills are one of our most powerful tools for passing onto loved ones and generations to come our wishes, memories, traditions and values. Many affluent families have become increasingly familiar with the concept of passing on the hopes and instructions to loved ones by means of a written document or a video recording as ethical wills.

A couple of years ago, a movie titled "The Ultimate Gift" was based on this idea, where James Garner was the type who had passed on, communicated his instructions and requirements on a video tape to the youngest family heir. It was an effective tool in the movie and helped lead to an extremely moving story.

In life, we experience quite a few joys and cherishes in your memories. Those memories are stored in us and when we pass on, so do our memories to talk about with our loved ones. The memories, great experiences and lessons of our past, the things and people we have been so keen on and, within us, carry deep meaning and relevance.

Many times, it could be to our wishes that people shared these things with our family members well into future generations. The beautiful times we distributed to our family members and our friends, the lessons we learned and the items and values that we so dearly hold, we would like to pass onto future generations.

An ethical will is a very useful tool to do this objective. Ethical wills aren't new. They existed even back during the Old Testament biblical times to which it had been a tradition to put together loved ones round the bed of a dying relative. However, during this early period, the ethical will was an oral tradition where in fact the dying family member would tell the family members important lessons of life and family stories to transport on in the tradition of these family and future generations.

Now days, we utilize ethical wills to spread these things in a kind of a cherished gift to your loved ones. It is a gift in writing that shares great memories, important lessons, values of the household, wishes to be carried out, and proud traditions to be passed onto another generation.

Quite often, members of families not merely have wonderful memories and lessons to pass onto loved ones and future generations, but then find it to be it too late to do so because our lives attended to pass or our health and wellness has failed and we have been no longer able to take time to record these lessons and memories.

Writing an ethical will is definitely an emotional challenge because it acknowledges one's mortality and one's past. But an ethical will is a document that consists of heart felt words and involves passing on more than material things and money.

Writing an ethical will is not a legal exercise, rather, this can be a letter written from the heart sharing your most valued lessons and cherished thoughts. This is a great opportunity to secure the meaningful reminiscence of the past specific to a specific family member or even to all of the children.

It must be carefully crafted nonetheless it doesn't have any specific formula to stick to. Furthermore, it is strongly recommended that you write one on a designed and protected document to secure the writings, ensure it is more meaningful, and storable for many generations.

Formulating Your Ethical Will

Although t here aren't any specific topics to include in an ethical will, listed below are several recommended steps in addition to some suggestions on topics to consider authoring within your document.

Suggested Steps:

The actual writing of the ethical will can be an emotional deep thinking process. You do not have to complete it in a single sitting. In fact, it is sometimes recommend that this is a thing that you revisit over the course of several days. Take time to write it. It is just a very meaningful and intimate document that will last for a number of generations.

First suggestion: Pick a quite and private place to commit yourself to for an hour or more to begin with your writing journey. A location that is without interruptions, relatively speaking and a place to where you can sustain inner peace and relaxation. It may sound hokey, nonetheless it is important to take action for yourself.

Second suggestion: Don't make an effort to rush it. If you want to put it down after a while, that's fine. Give oneself time, and further more, begin with a rough draft.

Third suggestion: Cover a variety of areas to record your writings from. Here are a few general areas and topics that you might want to consider:

Important Family Members in Your Life and What You Remember About Them

* What are the considerations you learned from your own grandparents?

* The great reasons for having your parents and the important lesson

* Lessons from your own spouse, children and others

Important People Beyond Your Family

* Both or three most influential people throughout your childhood and how were they influential in impacting the person you are and your values?

* What are the most important relationships in your life and why?

Important Lessons and Experiences in Your Life you want Them to Know

* What are you grateful for?

* The holiday season you cherish the most and why?

* The important values which were passed onto you by your grand parents and/or parents?

* What are a few of the things about your heritage that define who you are?

* How much of a job does your heritage play that you experienced now?

* Stories and experiences about your house town, and how achieved it mold the kind of person that you have become?

* What is an important lesson you learned in your early life and so how exactly does it continue steadily to influence your beliefs and values? Who or what taught you these lessons?

* Did you have an experience growing up that was life changing? If that's the case, describe it and explain why it had been significant to you.

* What are your deepest feelings you could have for them and or the family and why?

Important Accomplishments, Ideas, Values, etc.

* Do you know the things missing that you experienced?

* What are the most significant decisions you have made in your life and just why?

* What are the best decisions you have made in your life and just why?

* What are the worst decisions you earn in your life and why?

* Define your definition of success?

* In looking to the near future, name something you want to accomplish or happen through the rest of your life.

* What can you feel are a few of the most important qualities a person needs to live a rewarding life?

* What do you feel is a real measure of success?

* What was your greatest challenge during your life and what did this experience educate you on?

* Do you know the universal principles that hold your loved ones together?

* Describe your proudest moment and how it has affected your daily life and values.

* What are some of the most important ideas or lessons you would like to pass onto your children, grandchildren or other loved ones.

* That which was the single most important experience of your life and why was it so important to you?

* In the event that you could pick three items that your family should remember about you what should those things be and why?

Philosophy on Money and Wealth

* What do you appreciate most about money and why?

* What can you fear most about money and why?

* What would you like material gifts to be passed to your heirs to accomplish for them and why?

* What concerns do you have about the distribution of your material wealth in your legacy and why?

* What are the things that concern you the most with transferring your wealth?

* What do you wish to achieve before you leave this life?

* What you don't cherish and love about your daily life?

The beginning of the will should address who you are writing it to and just why you're writing it to them. An extremely compelling approach would be to express your hopes and desires/wishes for future years.

What is your vision for your family in the future? How would you want them to keep in mind along the way in their lives, things to look out for, mistakes to avoid, how would you like to see them view and approach life.

A good idea is to cover your notion of do you know the important values that you think will help them become and continue being exceptional human beings. Maybe include specific family events or memories. Include thoughts and words which have defined your personal life.

Steve Zeller and Trevor Kern, Advisory Services offered by Zeller Kern Wealth Management one of the leading Sacramento Financial Advisor firms and a Registered Investment Adviser. Please visit http://www.zellerkern.com or call 916-436-8270 for more tips on preserving family wealth.
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